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Defending Yourself Against Financial Scams

Published Jan 30, 25
1 min read


Stay informed and protected against the growing threat of financial fraud.

What Are Financial Scams?

These scams are often disguised as legitimate offers, making them hard to detect.

Recognizing these schemes is essential to protecting yourself.

Beware of These Common Financial Fraud Tactics

Stay alert to these frequent fraud schemes targeting individuals.

  • Phishing Emails: Fake messages from “trusted” institutions seeking personal details.
  • Fake Investment Opportunities: Promises of high returns with no risk, often involving crypto or stocks.
  • Tech Support Scams: Fraudulent calls claiming to fix computer issues in exchange for payment.
  • Lottery and Prize Scams: “You’ve won!” notifications asking for fees or bank details.
  • Romance Scams: Emotional manipulation to extract financial support.
  • Impersonation Scams: Calls threatening legal action to coerce victims into paying.

How to Protect Yourself from Financial Scams

Follow these tips to minimize your risk of becoming a victim.

  1. Verify the Source: Double-check the legitimacy of emails or calls before responding.
  2. Avoid Unsolicited Offers: Don’t engage with unsolicited messages or calls.
  3. Use Strong Passwords: Enable two-factor authentication for added protection.
  4. Monitor Your Accounts: Keep an eye on your financial activity to spot irregularities.
  5. Stay Educated: Keep yourself informed with trusted resources.

What to Do If You’ve Been Targeted

Take these steps immediately to protect yourself.

  • Report the Scam: Alert authorities and your financial institution as soon as possible.
  • Secure Your Accounts: Prevent further damage by securing your financial data.
  • Monitor Your Credit: Check your credit report for unauthorized accounts.
  • Warn Others: Spread awareness to protect your community from fraud.

Where to Find Help Against Financial Fraud

We offer guides to help you recognize and prevent fraud.

  • Practical tips for identifying phishing schemes.
  • Guides on securing your personal information.
  • Advice on what to do if you’ve been defrauded.

Stay Vigilant and Stay Safe

Fraud prevention starts with vigilance.

Find tips and tools for staying secure on our website.

WyHy Federal Credit Union

3142 WY-414, Lyman, WY 82937
+18004422392
Learn more

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